15 Firms Submit Applications To Run Private Trains In Asia’s Oldest Rail Network
L&T Infrastructure Development Projects Ltd., GMR Highways Ltd., IRCTC Ltd. and Bharat Heavy Electricals Ltd. are among the 15 companies that have submitted applications to run private trains in Asia's oldest rail network.
Spanish train maker Construcciones y Auxiliar de Ferrocarriles, IRB Infra, Arvind Aviation, Welspun Enterprises Ltd., Gateway Rail Freight Ltd., Cube Highways and Infrastructure III Pvt., are the other bidders that have filed an application for running private trains, the Railway Ministry said in a statement on Oct. 7.
The final submission comes after two pre-bid meetings that took place in the last three months to provide clarification to the bidders. Nearly 23 firms had shown interest at the second pre-bid meeting.
Indian Railways plans to run as many as 151 private trains—a plan that's estimated to draw investments worth Rs 30,000 crore. The private trains will run on 140 routes in 12 clusters across the country.
The ministry will now evaluate the applications and issue requests for proposals by November, the statement said.
The ministry aims to close the bidding process by the end of this financial year, and the first set of 12 trains is expected to roll out by FY23.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
